Zheng Quan Ri Bao·2025-08-19 16:35Core Insights - Xiaomi Group reported record high revenue and net profit for Q2, achieving revenue of 116 billion yuan, a year-on-year increase of 30.5%, and an adjusted net profit of 10.8 billion yuan, up 75.4% [2] Smartphone Business - Despite a challenging global smartphone market, Xiaomi's smartphone business saw significant growth, with 11.5 million new device activations in Q2, capturing a 16.8% market share in China, ranking first [2] - Xiaomi aims to maintain its annual smartphone shipment target at approximately 175 million units, focusing on increasing average selling price (ASP) and market share in China by 1 percentage point each year [2][3] Automotive Sector - Xiaomi's smart electric vehicle and AI innovation segment generated over 20 billion yuan in revenue, entering a phase of rapid growth, with Q2 vehicle deliveries reaching 81,302 units, totaling over 300,000 cumulative deliveries by July 10 [3] - The company is committed to avoiding price wars in the competitive electric vehicle market, prioritizing order fulfillment and aiming for profitability in the second half of the year [3] Home Appliances - In the home appliance sector, Xiaomi achieved "volume and price increase" amidst fierce competition, leveraging its advantages in smart home technology and user-centric innovation to transform the traditional appliance market [4]